This is a loan extended to retiring members based on accumulated terminal benefits. It is intended to enable members plan early and start income generating projects that will support them during retirement.
- Competitive annual interest rate of 10%.
- Loan amount of up to UGX 200 million.
- Payable as a lump sum in a maximum period of 1 year from time of loan disbursement.
- Secured by a signed Defined Contributions Plan (DCP) form.
- Funds are secured by members’ expected Defined Contributions Plan (DCP) payment
- Enables members to plan early for their retirement.
- Copy of Defined Contributions Plan (DCP) payment
- Completed Loan application form
- Bank Transfer Form or Postdated Cheque